Ashok Leyland wins orders for 3,600 buses
11 Jul 2016
Ashok Leyland has won orders for about 3,600 buses from various State Transport Units (STUs) in the current fiscal, which would be executed during the year.
Ashok Leyland's domestic market share rose to 30.1 per cent in the first quarter of the current year, compared with 29.2 per cent during the same period a year ago.
Market share for domestic buses rose to 35.9 per cent during the reporting quarter, as against 33.2 per cent posted during the same year ago period.
Overall, medium and heavy commercial vehicle (M&HCV) volumes rose 18.6 per cent, compared with industry growth of 14.5 per cent.
''We continue to maintain growth in the domestic M&HCV market and believe that the industry should post 15 per cent to 20 per cent growth in the current financial year. Ashok Leyland will continue to expand its network, launch new products, and introduce customer centric initiatives which would help it to maintain its lead,'' said Vinod K. Dasari, Managing Director at Ashok Leyland.
''The focus on exports, defence, and after market will continue,'' he added.